Tax Day 2017: Where does Illinois’ $38.1 billion in tax revenue come from?
Tax Day 2017: Where does Illinois’ $38.1 billion in tax revenue come from?
About two-thirds of state revenue comes from income and sales taxes.
About two-thirds of state revenue comes from income and sales taxes.
Chicagoans have been burdened with a slew of new taxes and the full damage has yet to be felt. A state income tax hike, like the one proposed in the Illinois Senate’s so-called “grand bargain,” would only further harm struggling Chicagoans.
In exchange for more than $112 million in tax breaks, Amazon promised to expand its Illinois operations and hire 7,200 new employees in Aurora, Monee and Joliet.
Senate Bill 9 would apply a 6.25 percent sales tax to laundry, dry cleaning, storage units and parking garages, among other services.
Fifteen counties in the southernmost part of Illinois lost population from July 2015 to July 2016, fueled by significant domestic migration.
Local state Reps. Katie Stuart, D-Edwardsville, and Daniel Beiser, D-Alton, are still getting paid even though the state still does not have a balanced budget.
Illinois politicians are once again eyeing a “temporary” tax increase, and residents should be wary. History shows Illinois politicians favor tax hikes over spending reform, and the Tollway and 2011 income tax battle offer examples of the dangers taxpayers face when politicians toy with a temporary tax hike.
The latest report from the Commission on Government Forecasting and Accountability shows Illinois experienced falling tax collections, indicating trouble in the state economy. Spending reforms – not tax hikes – are what Illinois needs to right its fiscal ship and boost economic growth.
Though the median household income in Belleville is only $43,318, Belleville Township School District 201’s top administrators are making six-figure salaries.
Instead of spending time on economic reforms, politicians crafted a bill that would apply new rules and regulations on trampoline safety that would add thousands of dollars in costs for equipment, travel and overtime for inspections.
House Speaker Mike Madigan and House Minority Leader Jim Durkin used shell bills to avoid the March 31 deadline for bills to pass out of committee. Madigan passed 936 shell bills. Durkin passed 528. Meanwhile, thousands of substantive bills died without so much as a committee hearing.
“My job with Chrysler is the longest job I’ve ever had. I’ll have 30 years under my belt in May, all in automotive manufacturing and assembly. “People on the line, a lot of them say ‘you work for what you want, it’s not handed to you.’ That’s one of the things I like about my...
Rank-and-file lawmakers have received paychecks of more than $50,800.